The report says a new “megatrend” is emerging that will re-shape the global economy.

Among the ten, SA was identified as the country with the highest private household consumption, estimated at US$194.4 billion in 2008. Zimbabwe had the lowest at US$1.4 billion.

The report forecasts that, as Chinese and Indian investment in non-resource sectors begin to bear fruit, global supply of cheap manufacturing products will also increase, further skewing the labour-capital ratio of the global economy.

“The new coupling is expected to lift Africa's growth trajectory significantly for the foreseeable future,” the report highlights.